Press release
Offshore Mooring Systems Market Growth Analysis, Emerging Trends, Opportunities, Sales Revenue, Business Strategy, Future Prospects and Industry Outlook 2023
Market Research Future(MRFR)
The worldwide market for offshore mooring systems is further segmented by the segments of type, anchorage, and application.
The type segment has been classified into SPM (Single Point Mooring), spread, tendons, dynamic positioning, and others. The anchorage segment is also bifurcated among suction Anchors, Drag Embedment Anchors (DEA), driven pile, vertical Load Anchors, and others. The spread mooring systems occupied the most significant share back in 2017, and are now expected to preserve this position till 2023.
The application segment has included semi-Submersible, Tension Leg Platform (TLP), FPSO, SPAR, drill Ships, and others.
The anchorage segment has included Drag Embedment Anchors (DEA), suction anchors, vertical load anchors, driven pile, and more. The suction anchors segment occupied the largest market share back in 2017 and is also projected to practice maximum growth from 2018 to 2023. Such growth is attributed to its cost-effective and safer.
Regional Framework
From the viewpoint of regional study, the global offshore mooring systems market has been studied among the key regions of North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
The region of Asia-pacific held the largest share in the offshore mooring systems market, followed by North America and Europe. This is ascribed to the incidence of a high population in this region and growing demand for energy and clean electricity. Therefore, the Asia-Pacific region has witnessed an overwhelming boost in demand for offshore mooring systems market. China occupied the largest market share back in the year 2018, and India is estimated to exhibit maximum growth over the forecast period.
North America and Europe regions occupied the second and third largest market, respectively, for offshore mooring systems. This is now expected to witness moderate growth over the forecast period. The Global offshore mooring systems market is projected to nurture at a CAGR of 4.7% during the forecast period.
Top Market Players
The top market players operating in the global offshore mooring systems include SBM Offshore (Netherlands), DELMAR SYSTEMS INC (US), Offspring International Limited (UK), MODEC, Inc. (Japan), Balltec Ltd. (UK), Mampaey Offshore Industries B.V. (Netherlands), Bluewater (Netherlands), BW Offshore (Norway), Timberland Equipment Limited (Canada) and Trelleborg Marine Systems (UAE).
Market Research Future(MRFR)
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